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Tesla Now Trading Higher Than Ford, GM, VW

It may not be delivering its much-anticipated 2012 Model S Sedan to the its first customer until the middle of next year, but Californian electric automaker Tesla [NASDAQ: TSLA] is now trading higher than many of its traditional gasoline rivals on the NASDAQ exchange.

What is an Overweight Rating? Simply put, it means the company stocks are expected to outperform those expected in its industry or sector, returning an above-average return compared to similar companies.

And thanks to financial uncertainty elsewhere in the world, Tesla’s shares are now worth more than shares in larger, multinational automakers like Volkswagen [NASDAQ:VLKAY}, General Motors [NASDAQ:GM], Nissan [NASDAQ:NSANY] and Ford [NASDAQ:F].

Although Tesla still has some big challenges ahead of it, the invitation-only Model S event in Fremont over the weekend appears to have convinced buyers, and some analysts that it is capable of bringing the 2012 Model S to market.